homes: Canadian Gov't may increase Bank Mortgage Purchases to $75 Billion
- 11/12/08 05:46 PM
Finance Minister Jim Flaherty pledged today to triple the amount of mortgages the government can buy from banks to as much as C$75 billion. The Canadian Gov't, using its crown corporation, the Canadian Mortgage and Housing Corp. (CMHC), purchased $25 billion in mortgages last month. Allow me to explain in simply terms what the government is in fact doing... The gov't via CMHC has insured many mortgages for the banks. In other words, CMHC has sold the banks default insurance on mortgages that the banks have provided to their clients, which guarantees that CMHC will cover any shortfall realized by … (1 comments)
homes: Private Sale Success!
- 10/26/08 09:39 PM
Staging Your Home For a Successful Sale! You’ve likely seen the magic of home staging on TV’s real-estate makeover shows. Now you can steal these 10 tips and tricks from the pros to fluff up your own home’s appeal. Home staging has hit prime time. You may marvel at what can be done in a 30-minute TV episode by a team of trained professionals, yet the reality is that you can achieve many of the same effects yourself. Your DIY efforts can impress agents and homebuyers and result in a faster sale for more money. Before you get started, stop … (1 comments)
homes: Homes Sales See Biggest Gain since July 2003
- 10/25/08 01:27 PM
Sales of previously owned U.S. homes rose 5.5 percent last month, the biggest gain since July 2003. The National Association of Realtors on Friday said that sales of existing home rose to a 5.18 million-unit annual rate from the 4.91 million-unit pace set in August. The median national home price declined 9 percent from a year ago to $191,600, the lowest level since April 2004. Sales jumped 16.8 percent in the West, while rising 4.4 percent in the Midwest and 2.2 percent in the South. In the Northeast, sales fell 1.2 percent. Sales of single-family homes, which represent the lion's share … (7 comments)
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